This third and final stage in the strategic management process involves developing an implementation plan and then doing whatever it takes to make the new strategy operational and effective in achieving the organization's objectives. The remainder of this chapter focuses on strategy formulation, and is organized into six sections:
Crude oil prices have dropped at a much faster pace than the drop in product prices. US refining runs (or utilization) have been weak.Singapore gross refining margins (GRMs), an important benchmark, show an improvement to $7.4 per barrel for November.Singapore GRMs for the September quarter stood at $4.8 per barrel and for the month of October was $5.4 a barrel.rude oil prices have dropped at a much faster pace than the drop in product prices. US refining runs (or utilization) have been weak.
Recently, that price has been between $44 and $49 a barrel, depending on the type of crude oil purchased. With crude oil at these prices a standard 42 gallon barrel translates to $1.05 to $1.17 a gallon at the pump. Excise taxes add another 49 cents a gallon on average nationwide.